A ‘dramatic break’ with China would be a ‘big mistake’, ex-ECB chief Trichet says

France’s public debt is very much in the spotlight. The country’s newly appointed prime minister, Michel Barnier, calls it a “Sword of Damocles” hanging over future generations. Indeed, for many countries, paying interest on the national debt deprives them of investing in education, health, research and so on. Similar discussions are taking place across the EU as the European Commission asks member states to submit their debt reduction plans. We ask Jean-Claude Trichet, former president of the European Central Bank (ECB), to read about the debt situation and the prospects for an overall European recovery. We also touch on EU-China relations as tensions loom over the issue of China subsidizing electric vehicles it exports to Europe.



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